> For the complete documentation index, see [llms.txt](https://rhys-nemo.gitbook.io/tokenomics-bible/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://rhys-nemo.gitbook.io/tokenomics-bible/vcs/shareholders-agreement.md).

# Shareholders agreement

**Legal Terms**

It is likely that a shareholders' agreement would be prepared containing the rights and obligations of each party. This could include:

* Amount and terms of investment
* Dividend policy
* Composition of the board of directors
* Reporting - management reports, monthly accounts, annual budgets
* Liquidity (exit) plans
* Rights of co-sale
* Warranties
* Matters requiring venture capitalist approval (such as auditors, employment contracts, major asset purchases, major debt obligations and significant variations of plans).